Bitget CEO Gracy Chen said she does not believe the $388 million stolen from her company will be recovered, citing the limited results from the Bybit hack as a reference point. Her comments came as Drift Protocol remained unable to recover most of the roughly $295.4 million stolen from users on April 1. Drift Foundation said Wednesday that it remains committed to recovering the funds through freezes, a bounty or other methods, but its update did not report a recovered total. The loss was previously pegged at $285 million, more than 50% of Drift’s total value. The attackers gained control of the Solana protocol through a fake-token scheme and withdrew USDC, SOL and ETH after posing for about six months as a quantitative trading firm. In July, a wallet tagged "Drift Exploiter 4" sent 23,095.1 ETH, worth about $44.4 million, to Tornado Cash (a crypto transaction mixer) across multiple transactions on July 23 and 24. Investigator ZachXBT stopped tracking the funds, saying the work was difficult for a team and not feasible for one person without institutional help. Chen said Bybit hackers took $1.5 billion in Ether in February 2025, while Bybit recovered or froze $80 million, or about 3.5% of the stolen funds after roughly a year. Bybit CEO Ben Zhou said nearly 28% of the money had gone dark by April 2025 after passing through mixers and cross-chain bridges. Bitget initially reported a $352 million loss after last Thursday’s incident before Chen revised the figure to $388 million. Bitget offered a bounty equal to 5% of frozen and recovered funds. NEAR Intents blocked more than $50 million linked to the incident and froze about $500,000, while Tether and Circle blacklisted a wallet holding $318,013 in stablecoins. Hack-linked wallets also moved about $3.9 million in ZEC into Zcash’s Ironwood shielded pool.